ALBANY, New York, Feb 29, 2016: MarketReseachReports.biz has added a new market study, titled “Global Offshore Wind Turbine Installation Vessel Consumption 2016 Market Research Report,” to its expanding repository of research reports. The report is a top-level reports of the many facets that are in the realm of vessel installations for harnessing wind energy at offshore locations. Conventionally, wind parks have been used for converting wind energy into mechanical and electrical energy. Offshore wind power generation is the newer approach for harnessing wind energy. Offshore wind power is advantageous for cost and technological considerations, because of which it is already in the energy planning charts of several governments around the world. The potential of wind power and the necessary infrastructure for harnessing this type of energy are discussed in this report.

For offshore wind power operations, large vessels that are specifically built to install a large number of wind turbines are the prime requisite. The report delves into the various aspects that will increase the utilization of these vessels for wind energy generation globally in 2016.

The report analyzes the steady growth trajectory exhibited by the offshore wind power market across the world. Currently, the regions of northern Europe, which include the North, Irish, and Baltic Seas, and the English Channel are the base for 91% of the world’s offshore wind power operations. In Europe, offshore wind is an essential component in the region’s binding target to procure 20% of the total energy requisite from renewables.

In the Northern European region, the wind farm installation fleet is predominantly located in the North Sea, with a handful of wind farms of small production capacity located outside Europe. The new type of installation vessels require fewer mechanical functions and are equipped with jack-up self-propelled barges, whereas traditional offshore wind farms are installed using crane barges.

The advent of offshore wind power has also had financial implications. In the U.K., in the light of the removal of governmental subsidies for onshore wind power, private companies that are engaged in harvesting renewable energy have been saved from the financial meltdown that was anticipated as a consequence. Because offshore wind power was exempted from the removal of subsidies, it has overhauled the total wind energy operations in the U.K. To make use of this opportunity, Dong, the largest energy company in Denmark, has committed to a new, massive installation in British waters. The company has announced its intentions to develop the world’s biggest offshore wind power operation in the Irish Sea, to be located at a distance of 19 kilometers from the Cumbrian coast.

The 173-page report on the consumption of offshore wind turbine installation vessels is important for understanding development plans and policies, cost structures, and volume installation of vessels across the regions of the U.S., Europe, Japan, and China. The report looks into the offshore wind turbine installation vessel industry from a competitive standpoint. The top manufacturers that are involved in the business are mentioned and a competitive profile provided for each of them. These companies are A2SEA, Seajacks, Geosea, Jack-up Barge, Swire Blue Ocean, MPI-Offshore, Fred. Olsen Windcarrier, Van Oord, SEAFOX, and Gaoh Offshore.